Tuesday, December 23, 2008

State Comptroller Thomas DiNapoli warned yesterday that the city faces budget gaps of $3.5 billion and $8 billion in the next two fiscal years -- far higher than previous forecasts.

That's a sharp increase from the $1.3 billion and $5 billion deficits Mayor Bloomberg projected last month in his budget plan for the 2010 and 2011 fiscal years. It even surpasses the state Financial Control Board's dire figures that came out just five days ago and put the city's budget gaps at $2.3 billion and $6.4 billion.

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